Sandy Alderson steps down, Moorad new CEO

[HollywoodLeo]

Padres to name Moorad as CEO

Padres to name Moorad as CEO

Alderson expected to step down today

By Tom Krasovic and Tim Sullivan
UNION-TRIBUNE STAFF WRITERS
2:00 a.m. March 26, 2009

PEORIA, Ariz. – Padres Chairman John Moores will spin the front-office carousel yet again today when the club expects to announce that Jeff Moorad will take over as CEO, with Sandy Alderson stepping down from that position.

What makes Moorad's arrival different from that of the other four CEOs or presidents hired by Moores since Larry Lucchino left in 2001 is that Moorad heads a small group of minority investors and, in time, is expected to succeed Moores as controlling owner.

Per complicated negotiations on the club's phase-in sale, worth more than $400 million in present-day value, Moores will remain majority owner for a number of years.

The Padres plan to make an announcement this afternoon. A person close to the talks said the deal is done.

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[padrefanforever]

I think he more got out of the way than stepped down.....lol